Northern Rock HAVE blocked sale of the house

kerrypn

Thanks everyone, I am trying to relax but finding nigh on impossible at the moment!

Hubby has got a BR hearing Thursday!!! Can I just take this opportunity to say Michael at Salford County Court is A DIAMOND!

I just hope this is enough for Northern Shock, but we will see.....


In the meantime, does DHs SOA look OK?


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 697.08
Partners monthly income after tax....... 700
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1397.08
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 106
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 24.18
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 22
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 380
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 44
Childcare/nursery....................... 0
Other child related expenses............ 58
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Window Cleaning(condition of tenancy)... 10
Total monthly expenses.................. 1382.18

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,397.08
Expenses (including HP & secured debts). 1,382.18
Available for debt repayments........... 14.9
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 14.9
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


Havent included the blimmin mortgage as we all know the situ there, and havent totted up debts yet-but income and outgoings are all done-are these OK?


Also, as mentioned in OP, hubby hasnt paid tax-how does he put this on his form?

Thanks again to everyone who is trying to help me take on the big nasty Northern Shock

kerrypn

Any thoughts on above appreciated please

MicheH

Hi Kerry, a little bump for you becaus i'm not very good at SOA's - just wondering why £22 TV licence tho, i'm sure it was £12.. just quibbling like an OR might because there's no way you would get an IPA as far as I can see.

About the tax, I was a self employed childminder and worked for 6 months before it all folded. I owed the tax £65 which I didn't have as I was under the impression low earners didn't have to pay. I called OR and she added it to the creditors list. I guess just put the details on there as best you can, the OR will know what it's all about. As you'll know the SOA is not really for the BR hearing - it's for the OR to work from and your OH will talk to him anyway.

I feel like i'm teaching my granny to suck eggs here.

Anyway.. bump!

debtinfo

Hi Kerry, cant see any problems with the SOA, all within acceptable limits from what i can see.

On the OH tax situation, has he got any records of his income over the period, If he has he could do a quick calculation Average takings less average business outgoings. then take 15% over the 6 years as tax. This is very rough but might give the OR an idea of what the likely bill could be. Otherwise he could ring the HMRC and ask them.

confused76

hi kerry looks good to me. hope you're doing ok today xxx

irismary

Hi kerrypn can I suggest you take a step back and put things in perspective. 1. if the sale went through there would be a shortfall, so if you voluntary repos or of NR repos there will just be a bigger shortfall which will be swept up in the bankruptcy.The only remaining problem appears to be the solicitors fees. Are you sure they cannot be included? When were they incurred? Was the solicitor working on the sale when you went bankrupt? Speak to your trustee. If they definitely cannot be included then C.A.B. can help to negotiate an affordable offer even if it's a pound a month. You've got enough to think about without worrying any more. P.S. don't forget to claim your tax credits after baby is born. Make the most of your fresh start. If NR are being unreasonable, complain to F.O.S

kerrypn

Thanks for everyone's input, appreciated massively as always

Mich, the TV licence is so high cos its the first year for me-you have to pay £5.50 per week-I was surprised they make you pay over 6 months not 12 too

Debtinfo, he really has no clue whatsoever, if I am a disaster with money he is the Hiroshima of personal finances, he can't even "guesstimate". He has never even registered to pay tax Do I put HM Customs as creditor? Leave tax as unknown? He's gonna get a BRO for this isn't he?

Hi Iris,

I definitely instructed solicitor POST BR but is was always agreed to come from proceeds of sale-The only reason I agreed to it. Solicitor knew from the outset about BR-because he wanted 50 quid up front and I clearly havent got 50 quid so I explained and he waived it til completion.

Thanks again for all advice

nervousmother

If your OH has not gone BR yet can you not put the solicitors bill on his list of creditors?

MicheH

Won't it still fall to Kerry though nm??

I think it's worth fighting this solicitor bill but you have to look after little one. I hope you're ok x

debtinfo

Hi kerry, on the solicitor thing, you have done nothing wrong as you informed him of the bankruptcy.

Sorry i assumed you knew about the tax consequenses. Does he work for a taxi firm, will they have records. He really needs to come up with some information such as how often he worked or roughly on a day or night how much he earned as these questions will be asked when he goes bankrupt. for nstance if he can show that he would not have paid any tax anyway due to low earnings the OR probably wont do anything as no one has lost out

How about bank statements did he pay it in